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Purpose of demo trading
Členem od Jun 15, 2021
15 příspěvků
Jun 15, 2021 at 11:14
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
Členem od Apr 15, 2020
187 příspěvků
Jun 16, 2021 at 04:10
gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
The more your practice, the more you learn.
Členem od Jun 15, 2021
10 příspěvků
Jun 17, 2021 at 06:55
I think demo trading is not only helpful for beginners but it also helps to experience traders in practising on trades without any risk.
Členem od Jun 15, 2021
13 příspěvků
Jun 17, 2021 at 09:02
Purpose of demo trading is to prepare the beginner how forex works, how prices moves and how it looks on the terminal. There is no real loss but can teach you many important aspects for forex trading.
Členem od Apr 02, 2020
34 příspěvků
Jun 17, 2021 at 14:06
I agree with orlandoGT instead of focusing on consistent profit. The best would be to focus on consistent trades because earning profits should not be the focus now for beginners; it should be on trading and learning much as possible.
Členem od Apr 02, 2020
34 příspěvků
Jun 17, 2021 at 14:07
The main purpose of demo trading is to learn about live forex trades and trade risk-free without investing capital.
Členem od Aug 11, 2017
870 příspěvků
Jun 18, 2021 at 08:22
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Členem od Jun 15, 2021
20 příspěvků
Jun 18, 2021 at 08:42
Mohammadi posted:
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Agreed buddy! Along with this, only live trading teaches us how to control our emotions while trading.
Členem od Jun 15, 2021
15 příspěvků
Jun 18, 2021 at 10:22
ele020 posted:gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
Yeah absolutely buddy, agree to it in addition.
Členem od Apr 15, 2020
187 příspěvků
Jun 18, 2021 at 11:59
gradking posted:ele020 posted:gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
Yeah absolutely buddy, agree to it in addition.
Perfect! :)
The more your practice, the more you learn.
Členem od Jun 16, 2021
9 příspěvků
Jun 19, 2021 at 07:33
I consider demo trading a great way to learn and get aware of the market which really helps out while making live trades.
Členem od Aug 27, 2017
875 příspěvků
Jun 19, 2021 at 08:13
according to me demo is important , but sometimes instead of demo there is need to start live account which is very supportive to make sure live knowledge and experience.
keeping patience.......
Členem od Apr 15, 2020
187 příspěvků
Jun 21, 2021 at 07:11
Adribaasmet posted:
according to me demo is important , but sometimes instead of demo there is need to start live account which is very supportive to make sure live knowledge and experience.
Once you begun to understand the basic concepts, you can gradually move to live with small capital.
The more your practice, the more you learn.
Členem od Apr 04, 2020
22 příspěvků
Jun 21, 2021 at 07:59
Demo trading is very important for the new traders. When a newbie start trading with demo account, then he can get proper knowledge for real forex trading. So It's very important for newbie.
Členem od Feb 05, 2016
29 příspěvků
Jun 22, 2021 at 06:09
When trading on the demo, you can get experience in the real market. This is much better than testing strategies on history.
Členem od Mar 28, 2021
586 příspěvků
Jun 27, 2021 at 10:09
In demo account, we can test our strategy before applying it on live trading. It is not a good idea to use any strategy directly to a live account without any experiment.
Členem od Dec 11, 2020
17 příspěvků
Jul 05, 2021 at 10:27
From the day I started my trading journey, demo accounts played the most important part for my learning. I preferred these to test strategies before risking it with live trading.
Členem od Aug 11, 2019
21 příspěvků
Oct 06, 2021 at 18:58
The main purpose of demo trading is to dive a rookie into trading activity. Actually, this purpose is quite clear. It is created to teach new traders how to treat the market. Of course, there is no theory on demo, just practice, but lots of brokers nowadays provide you with special educational courses which are directed to teaching you theory of trading. Of course, you should dedicate enough time to it, however if your intentions are strong and you have really decided to connect your life with trading, then you must pass all the steps on your way to success and wealth. It's hard enough, but there are no other ways.
Členem od Aug 17, 2021
87 příspěvků
Oct 09, 2021 at 18:40
Demo accounts are used by stock trading platforms, foreign exchange trading venues, and commodities exchanges. Demo accounts are geared toward those who've always wanted to trade, but don't have enough money, have the money but don't know where to start, or are experienced traders who want to test new strategies.
Členem od Aug 05, 2021
394 příspěvků
Oct 12, 2021 at 17:05
I think demo accounts serve a great purpose and those that use them long enough and actually focus on strategies are much more prepared when they switch to a real account. It's true that you don't get the emotional aspect of trading from a demo, but that doesn't mean that one should skip over them.
